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ITR 4

182 views 8 replies

narayan maheswari

student

140 Points Joined June 2014

I am proprietor of two shops.One is wholesale & second is retail shop.I am filing gst composition return as per wholesale shop's turnover and paying gst only on its turnover.Now in income tax return can I show the turnover of both the shops? If yes, then is there any gst liability arise on retail shop turnover ??In retail shop I have only cash sale.

Replies (8)

Tarun Kumar

Chartered Accountant

180 Points Joined May 2016

yes

both the turnover will consider for GST and Income Tax purpose.

you should pay GST on retail shop also.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yes...

It's exactly wrong activity...
As per GST Your all business income fall under GST. So, Your retail shop income fall under GST. And You ll charge GST for the transactions and Show it under GST returns...